Business

An exculpatory clause that results from superior bargaining power is usually fou

An exculpatory clause that results from superior bargaining power is usually fou

An exculpatory clause that results from superior bargaining power is usually found to be void.

This is for my business law class, anything will help

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Give an account of promissory estoppels.

Give an account of promissory estoppels.

Give an account of promissory estoppels.

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What is accord and satisfaction in contractual terms?

What is accord and satisfaction in contractual terms?

What is accord and satisfaction in contractual terms?

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What is a best-efforts contract?

What is a best-efforts contract?

What is a best-efforts contract?

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Explain the preexisting duty principle in private sector contracts.

Explain the preexisting duty principle in private sector contracts.

Explain the preexisting duty principle in private sector contracts.

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What is contract consideration? (Multiple Choice)

What is contract consideration? (Multiple Choice)

What is contract consideration?

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Which of the following is true for applying promissory estoppels to a contract?

Which of the following is true for applying promissory estoppels to a contract?

Which of the following is true for applying promissory estoppels to a contract?
A) Both parties must suffer legal detriment.
B) Injustice would be caused if the promise were not enforced.
C) They can be applied for illusory promise con

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Why does Catapipes's consideration have legal value?

Why does Catapipes's consideration have legal value?

Why does Catapipes's consideration have legal value?
A) It is a gift promise contract.
B) It is a bargained-for-exchange contract.
C) It is an illusory promise contract.
D) The consideration is an example of past consideratio

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If Catapipes Plumbing plans to withdraw its bid, what legal doctrine can help At

If Catapipes Plumbing plans to withdraw its bid, what legal doctrine can help At

If Catapipes Plumbing plans to withdraw its bid, what legal doctrine can help AtlasNow from being meted out injustice due to lack of consideration?
A) promissory estoppel
B) freedom of contract
C) acquiescence
D) exclusionary rule

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Which of the following is true for an accord?

Which of the following is true for an accord?

Which of the following is true for an accord?
A) The accord terminates the original contract.
B) The nonbreaching party cannot enforce the original contract if the accord is not satisfied.
C) It is enforceable even though no new consid

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To avoid legal nuisance, Frasier decides to compromise with James. He asks James

To avoid legal nuisance, Frasier decides to compromise with James. He asks James

To avoid legal nuisance, Frasier decides to compromise with James. He asks James to fix a tap in the barn for $250, and modify the current contract to include the tap in the barn. James agrees to this, and does as asked, while Frasier remade the cont

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James's attempt to make a new contract is void because it lacks consideration un

James's attempt to make a new contract is void because it lacks consideration un

James's attempt to make a new contract is void because it lacks consideration under the ________ concept.
A) illegal consideration
B) gift promise
C) past consideration
D) preexisting duty

This is for my business law

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Toughones, a car part manufacturer, entered into a contract to license computer

Toughones, a car part manufacturer, entered into a contract to license computer

Toughones, a car part manufacturer, entered into a contract to license computer software from a Vizera Inc. for $250,000. This software is to be used to keep track of inventory, accounts receivable, and other financial data. After the software was in

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________ is an agreement whereby the parties agree to accept something different

________ is an agreement whereby the parties agree to accept something different

________ is an agreement whereby the parties agree to accept something different in satisfaction of the original contract.
A) Counteroffer
B) Accord
C) Promissory estoppel
D) Mirror image acceptance

This is for my busines

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Poweroxi Inc. produces rocket propellant fuel that is used in space shuttles. NA

Poweroxi Inc. produces rocket propellant fuel that is used in space shuttles. NA

Poweroxi Inc. produces rocket propellant fuel that is used in space shuttles. NASA is an agency that requires rocket propellant fuel to send its rockets to space. NASA enters into a contract with Poweroxi Inc. to purchase all of the propellant fuel i

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Poweroxi Inc. produces rocket propellant fuel that is used in space shuttles. NA

Poweroxi Inc. produces rocket propellant fuel that is used in space shuttles. NA

Poweroxi Inc. produces rocket propellant fuel that is used in space shuttles. NASA is an agency that requires rocket propellant fuel to send its rockets to space. NASA enters into a contract with Poweroxi Inc. to purchase all of the propellant fuel i

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A(n) ________ is a contract in which a buyer agrees to purchase all of its requi

A(n) ________ is a contract in which a buyer agrees to purchase all of its requi

A(n) ________ is a contract in which a buyer agrees to purchase all of its requirements for an item from one seller.
A) option contract
B) requirements contract
C) best-efforts contract
D) output contract

This is for my b

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Which of the following is true for a buyer with an output contract?

Which of the following is true for a buyer with an output contract?

Which of the following is true for a buyer with an output contract?
A) The buyer cannot sue the seller in case the seller plans to share its output with another buyer.
B) The buyer can choose to buy when and what he wants from the seller.

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Which of the following is true about output contracts?

Which of the following is true about output contracts?

Which of the following is true about output contracts?
A) It cannot contain the best-efforts clause.
B) It provides the seller with reduced selling costs.
C) It assures the purchaser that the seller will use their best efforts to achie

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A contract in which a seller agrees to sell all of its production to a single bu

A contract in which a seller agrees to sell all of its production to a single bu

A contract in which a seller agrees to sell all of its production to a single buyer is known as a(n) ________.
A) requirements contract
B) output contract
C) best-efforts contract
D) option contract

This is for my busines

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Corey desperately needs to get to the airport and decides to take his neighbor T

Corey desperately needs to get to the airport and decides to take his neighbor T

Corey desperately needs to get to the airport and decides to take his neighbor Tanner's help. Tanner agrees to help and drives Corey to the airport. Upon arrival at the airport, Corey promises to pay Tanner $25 towards gas money. Which of the fo

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Corey desperately needs to get to the airport and decides to take his neighbor T

Corey desperately needs to get to the airport and decides to take his neighbor T

Corey desperately needs to get to the airport and decides to take his neighbor Tanner's help. Tanner agrees to help and drives Corey to the airport. Upon arrival at the airport, Corey promises to pay Tanner $25 towards gas money. Which of the fo

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Hartman, who has worked for Aratize Inc. for 25 years, is retiring. Upon hearing

Hartman, who has worked for Aratize Inc. for 25 years, is retiring. Upon hearing

Hartman, who has worked for Aratize Inc. for 25 years, is retiring. Upon hearing the news of his retirement, the president of Aratize announces a bonus of $250,000 to Hartman for his exceptional services toward Aratize thus far. But upon retiring, Ha

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Dean Campenella is a detective with the California state police. During the inve

Dean Campenella is a detective with the California state police. During the inve

Dean Campenella is a detective with the California state police. During the investigation of a missing child, Campenella found new clues that led to the capture of a serial killer involved in another case. Since Campenella was not involved in the ser

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A promise lacks consideration if a person promises to perform an act or do somet

A promise lacks consideration if a person promises to perform an act or do somet

A promise lacks consideration if a person promises to perform an act or do something he is already under an obligation to do. This is called a(n) ________.
A) illegal consideration
B) preexisting duty
C) gift promise
D) illusory p

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Mary buys a lottery ticket and promises to buy her friend Sharon a new pair of s

Mary buys a lottery ticket and promises to buy her friend Sharon a new pair of s

Mary buys a lottery ticket and promises to buy her friend Sharon a new pair of shoes if she checks the lottery results while Mary is away. Sharon agrees to do so, provided she has the time for it. If Sharon fails to check the results and Mary wins th

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Mary buys a lottery ticket and promises to buy her friend Sharon a new pair of s

Mary buys a lottery ticket and promises to buy her friend Sharon a new pair of s

Mary buys a lottery ticket and promises to buy her friend Sharon a new pair of shoes if she checks the lottery results while Mary is away. Sharon agrees to do so, provided she has the time for it. What kind of contract do Mary and Sharon have?
A

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Why does an illusory contract lack consideration?

Why does an illusory contract lack consideration?

Why does an illusory contract lack consideration?
A) because the consideration promised is unlawful and therefore void
B) because the person promises to perform an act or do something he is already under an obligation to do
C) because

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A contract into which both parties enter but in which one or both of the parties

A contract into which both parties enter but in which one or both of the parties

A contract into which both parties enter but in which one or both of the parties can choose not to perform their contractual obligations is known as ________.
A) illusory promise
B) gift promise
C) preexisting duty
D) illegal cons

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With regards to unenforceable contracts, an extortion call in which a man agrees

With regards to unenforceable contracts, an extortion call in which a man agrees

With regards to unenforceable contracts, an extortion call in which a man agrees to pay money in return for his family's safety would be considered as a(n) ________.
A) preexisting duty
B) illusory promise
C) illegal consideration

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Which of the following is true about an illegal consideration?

Which of the following is true about an illegal consideration?

Which of the following is true about an illegal consideration?
A) Contract requires that either both parties suffer legal detriment.
B) Contract requires that the promisor receives a legal benefit.
C) Contract requires that the promise

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________ is a promise to refrain from doing an unlawful act, and therefore is a

________ is a promise to refrain from doing an unlawful act, and therefore is a

________ is a promise to refrain from doing an unlawful act, and therefore is a promise that will not support a contract.
A) Preexisting duty
B) Illusory promise
C) Illegal consideration
D) Gift promise

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Which of the following lacks consideration?

Which of the following lacks consideration?

Which of the following lacks consideration?
A) bargained-for exchange
B) gift promise
C) illusory promise
D) preexisting duty

This is for my business law class, anything will help

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Which of the following is true of a gift promise?

Which of the following is true of a gift promise?

Which of the following is true of a gift promise?
A) A gift promise can be enforced in a court of law.
B) A completed gift promise cannot be cancelled for lack of consideration.
C) A gift promise contains considerations.
D) The pr

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Which of the following can convert a gift promise into an enforceable promise? A

Which of the following can convert a gift promise into an enforceable promise? A

Which of the following can convert a gift promise into an enforceable promise?
A) if the promisee offers a consideration
B) if the promisor offers a consideration
C) if the promisee receives a legal benefit
D) if the promisor suff

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Mark, who recently won a lottery, tells Sean that he will split his lottery winn

Mark, who recently won a lottery, tells Sean that he will split his lottery winn

Mark, who recently won a lottery, tells Sean that he will split his lottery winnings with him, if Sean can arrange an interview between Sean's boss and Mark. Sean talks to his boss and the meeting is arranged. But when Sean goes to collect half

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To meet contractual legality, considerations must be ________.

To meet contractual legality, considerations must be ________.

To meet contractual legality, considerations must be ________.
A) beneficial to both parties involved
B) detrimental to both parties involved
C) mentioned in writing in the contract
D) bargained-for exchange of promise for perform

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Under which of the following conditions is a contract said to have legal value?

Under which of the following conditions is a contract said to have legal value?

Under which of the following conditions is a contract said to have legal value?
A) the promisor receives a legal benefit
B) the promisor suffers a legal detriment
C) both promisor and promisee receives a legal benefit
D) both prom

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A contract is said to have legal value if ________.

A contract is said to have legal value if ________.

A contract is said to have legal value if ________.
A) both the promisor and the promisee receive a legal benefit
B) the promisor suffers a legal detriment
C) the promisee suffers a legal detriment
D) the promisee receives a legal

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Which of the following is true about a promissory estoppel?

Which of the following is true about a promissory estoppel?

Which of the following is true about a promissory estoppel?
A) It is invoked in cases having option contract infringements.
B) It permits a court to order enforcement of a contract that lacks consideration.
C) It allows for a party to

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